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Direct Pay Regs Would Lift Major Barrier For Energy Projects

by usoftax_admin | Mar 8, 2024 | Tax News

A U.S. Treasury Department proposal to give partnerships access to direct payments of tax credits for green energy projects would lift a significant barrier that has prevented tribes, municipalities, schools and nonprofits from capitalizing on joint ownership...

This week in tax: KPMG fined £1.5 million over M&C Saatchi audit

by usoftax_admin | Mar 8, 2024 | Tax News

A KPMG partner also received a penalty of nearly £50,000, while, in other news, a survey has shown 47% of female accountants feel they have been denied equal opportunities

UK budget: raised VAT threshold underwhelms tax experts

by usoftax_admin | Mar 8, 2024 | Tax News

Not raising the threshold even higher has been branded a missed opportunity, while the extension of ‘full expensing’ tax breaks for businesses has been welcomed

This month in indirect tax: Indian finance minister hails GST impact

by usoftax_admin | Mar 8, 2024 | Tax News

Polish company wins European ruling over employee’s VAT fraud, Malaysia increases service tax, mandatory electronic invoicing comes to Belgium and more

Mich. Income Tax Cut Was Temporary, Appeals Court Rules

by usoftax_admin | Mar 7, 2024 | Tax News

A cut to Michigan’s income tax rate in 2023 was only in effect for one year, a Michigan appeals court said Thursday, rejecting the position of state lawmakers and business groups that wanted the reduced rate to become the new default. 

Don’t Let Pillar 1 Die, Policy Experts Tell House Tax Panel

by usoftax_admin | Mar 7, 2024 | Tax News

Tax policy experts encouraged a U.S. House subcommittee Thursday to continue negotiations at the Organization for Economic Cooperation and Development over the taxing rights overhaul known as Pillar One and advocate for stronger double taxation relief and tougher...
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